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If a company makes a payment to a bank or lending institution to pay back an amount borrowed in the form of a loan, which
If a company makes a payment to a bank or lending institution to pay back an amount borrowed in the form of a loan, which of the following is true regarding the accounting equation for that company?
Assets Increase and Liabilities Decrease
Assets Decrease and Stockholders' Equity Decreases
Assets Decrease and Liabilities Decrease
Assets Decrease and Stockholders' Equity Increases
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